Short Interest in United Internet AG (OTCMKTS:UDIRF) Declines By 42.2%

Key Points

• United Internet AG experienced a 42.2% drop in short interest, falling from 65,200 shares on July 15th to 37,700 shares by July 31st.
• The company’s current stock price is $27.34 with a market capitalization of $5.25 billion, alongside a P/E ratio of 36.94.
• United Internet operates as an Internet service provider worldwide, offering a range of broadband and telecommunication products for both private and business users.

United Internet AG (OTCMKTS:UDIRF - Get Free Report) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 37,700 shares, adropof42.2% from the July 15th total of 65,200 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days. Approximately0.0% of the shares of the company are short sold. Approximately0.0% of the shares of the company are short sold. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

United Internet Price Performance

UDIRF stock remained flat at $27.3355 during trading on Friday. The business has a fifty day moving average of $27.32 and a 200-day moving average of $22.76. The company has a quick ratio of 0.99, a current ratio of 1.06 and a debt-to-equity ratio of 0.44. United Internet has a 12-month low of $15.55 and a 12-month high of $28.4820. The firm has a market cap of $5.25 billion, a P/E ratio of 36.94 and a beta of 0.52.

About United Internet

United Internet AG, through its subsidiaries, operates as an Internet service provider worldwide. The company operates through Consumer Access, Business Access, Consumer Applications, and Business Applications segments. It offers landline-based broadband and mobile internet products, including home networks, online storage, telephony, and IPTV for private users; and telecommunication products ranging from fiber-optic direct connections to tailored ICT solutions, which include voice, data, and network solutions, as well as infrastructure services to national and international carriers and ISPs.